verification of the identity and address verification of legal documentslegal representatives
2005
AML law and regulations became effective in 2005 and are only applicable for banks.
Banking Commission
https://www.beac.int/
N/A
N/A
N/A
No.
Yes.
Yes, an update of the customer database is required.
Yes. The country has been subjected to a FATF evaluation, but the report is not publicly available.
No
No. There are no minimum transaction thresholds under which customer due diligence is not required.
The requirements are:
a) verification of the identity and address of the customer by reference to official identity papers;
b) for legal entities, the verification of legal documents and legal representatives is required;
c) public officials require a heightened scrutiny; and
d) the bank must collect information to cover the following: anticipated account activity, source of wealth and sources of funds
The requirements are:
a) verification of the identity and address of the customer by reference to official identity papers;
b) for legal entities, the verification of legal documents and legal representatives is required;
c) public officials require a heightened scrutiny; and
d) the bank must collect information to cover the following: anticipated account activity, source of wealth and sources of funds
The requirements are: a) obtain information on the beneficial owner; and b) verification of the identification and the address of the professional intermediary.
Customer due diligence arrangements are reduced for low value transactions.
For a PEP, the bank’s senior management may give authorisation before opening an account. The transactions in their accounts require heightened scrutiny.
Banks must acquire information on the compliance of their correspondent with AML regulations. The relationship must not be established if the correspondent is not compliant with AML regulations.
Yes
For a non face-to-face relationship, a bank must consider the need to perform independent verification
National Agency for Financial Investigation (“ANIF”):
http://www.anif.ga/
There is an obligation to report on transactions where the identity of the beneficiary or the originator is suspicious.
No.
No.
No.
No.
Yes.
No.
N/A
N/A
N/A
N/A
No.
N/A
N/A
No.
N/A
independent verification
Is a citizen of Gabon who has attained the age of eighteen years and possesses a National Identity Card or a Gabonese Passport.
N/A
No
No
No
ANIF
Yes
Yes
N/A
N/A
No. There is no risk based approach approved by the local regulator.
None in practice. Copies of identification documentation are only made by the bank after a visual check. Independent verification is not required.
